(Reuters) – Panera Bread Co (PNRA.O: Quote, Profile, Research, Stock Buzz) gave a disappointing profit forecast for the current quarter after blaming inclement weather for hurting customer visits to its bakery cafes.
The news dragged its shares down 1.4 percent in after-hours trade on Tuesday.
The company expects earnings of $1.49 per share to $1.55 per share in the first quarter. Analysts on average were looking for a profit of $1.70.
(Reuters) – U.S. speed-skaters decided on Friday to drop new, specially designed Under Armour Inc suits that media reports have linked to a dismal showing at the Sochi Games, reverting to apparel worn during recent World Cup events.
U.S. Speedskating President Mike Plant said the team, which has yet to clinch a medal at Sochi, will switch back to skin suits also made by the U.S. company but worn prior to the Winter Olympics.
(Reuters) – U.S. Speedskating has asked Olympic authorities to let its athletes use an earlier version of a suit made by Under Armour Inc, the sports apparel maker’s head of innovation told Reuters on Friday.
The move comes after a dismal start for the U.S. team at the Sochi Games, where it has yet to win a medal after six of 12 events.